Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between junior buyers/buyers and procurement analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a junior buyer/buyer, becoming a procurement analyst takes usually requires 2-4 years. Additionally, a procurement analyst has an average salary of $64,448, which is higher than the $52,374 average annual salary of a junior buyer/buyer.
The top three skills for a junior buyer/buyer include purchase orders, MRP and ERP. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Junior Buyer/Buyer | Procurement Analyst | |
| Yearly salary | $52,374 | $64,448 |
| Hourly rate | $25.18 | $30.98 |
| Growth rate | - | 11% |
| Number of jobs | 22,370 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 69% |
| Average age | 48 | 44 |
| Years of experience | 6 | 4 |
A junior buyer/buyer is in charge of purchasing supplies in adherence to company goals. Their responsibilities typically revolve around participating in meetings that discuss the kinds of products to procure, performing research and analysis to find the ideal vendors or suppliers, liaising and negotiating with external parties, maintaining invoices and records of all transactions, and producing progress reports. Furthermore, it is essential to monitor the shipment and deliveries of supplies, ensuring accuracy and timeliness. Should there be any problems, it is necessary to coordinate with vendors right away.
Procurement analysts procure favorable contracts by acting as liaisons between suppliers and their employers. They are hired by organizations that rely on supply chain management to analyze and evaluate potential suppliers, prepare reports about monthly supply costs, and negotiate contracts. With good critical thinking skills, these procurement analysts who are also known as purchasing analysts, evaluate vendors and suppliers based on the speed of delivery, quality, and price. They use quantitative methods to support fact-based decision-making to become competitive and to ensure cost-efficiency and high quality of the products and services.
Junior buyers/buyers and procurement analysts have different pay scales, as shown below.
| Junior Buyer/Buyer | Procurement Analyst | |
| Average salary | $52,374 | $64,448 |
| Salary range | Between $39,000 And $69,000 | Between $45,000 And $91,000 |
| Highest paying City | Jersey City, NJ | Washington, DC |
| Highest paying state | New Jersey | Maryland |
| Best paying company | Astronics | PayPal |
| Best paying industry | Finance | Retail |
There are a few differences between a junior buyer/buyer and a procurement analyst in terms of educational background:
| Junior Buyer/Buyer | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between junior buyers/buyers' and procurement analysts' demographics:
| Junior Buyer/Buyer | Procurement Analyst | |
| Average age | 48 | 44 |
| Gender ratio | Male, 29.8% Female, 70.2% | Male, 47.7% Female, 52.3% |
| Race ratio | Black or African American, 9.0% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.8% White, 65.7% American Indian and Alaska Native, 0.8% | Black or African American, 8.2% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 11.8% White, 66.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |